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    Sagimet Biosciences Inc.

    Company overview

    Market capitalization
    —
    Employees
    16
    Latest publication
    2026-09-29
    About Sagimet Biosciences Inc.

    Sagimet Biosciences Inc., a clinical-stage biopharmaceutical company, develops novel therapeutics called fatty acid synthase (FASN) inhibitors for the treatment of diseases that result from dysfunctional metabolic and fibrotic pathways in the United States. The company's lead drug candidate is Denifanstat, an oral, once-daily pill and selective FASN inhibitor for the treatment of metabolic dysfunction-associated steatohepatitis, acne, and select forms of cancer. It also develops TVB-3567, a FASN inhibitor for the treatment of acne indication; and other oncology programs, such as solid tumor and glioblastoma. The company was formerly known as 3-V Biosciences, Inc. and changed its name to Sagimet Biosciences Inc. in August 2019. Sagimet Biosciences Inc. was incorporated in 2006 and is headquartered in San Mateo, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue0USD0USD0USD0USD0USD0USD0USD0USD
    Research Development6,995,000USD6,734,000USD9,730,000USD7,248,000USD15,342,000USD14,216,000USD12,653,000USD6,313,000USD
    Selling General Administrative4,718,000USD4,031,000USD4,604,000USD4,677,000USD4,523,000USD3,979,000USD4,249,000USD4,276,000USD
    Total Operating Expenses11,713,000USD10,765,000USD14,334,000USD11,925,000USD19,865,000USD18,195,000USD16,902,000USD10,589,000USD
    Operating Income-11,713,000USD-10,765,000USD-14,334,000USD-11,925,000USD-19,865,000USD-18,195,000USD-16,902,000USD-10,589,000USD
    Interest Income1,063,000USD1,197,000USD1,426,000USD1,539,000USD1,689,000USD1,994,000USD2,283,000USD2,471,000USD
    Net Interest Income1,063,000USD1,197,000USD1,426,000USD1,539,000USD1,689,000USD1,994,000USD2,283,000USD2,471,000USD
    Income Before Tax-10,650,000USD-9,568,000USD-12,908,000USD-10,386,000USD-18,176,000USD-16,201,000USD-14,619,000USD-8,118,000USD
    Net Income-10,650,000USD-9,568,000USD-12,908,000USD-10,386,000USD-18,176,000USD-16,201,000USD-14,619,000USD-8,118,000USD
    Net Income From Continuing Ops-10,650,000USD-9,568,000USD-12,908,000USD-10,386,000USD-18,176,000USD-16,201,000USD-14,619,000USD-8,118,000USD
    Ebitda-11,713,000USD-12,191,000USD-12,908,000USD-11,925,000USD-19,865,000USD-16,201,000USD-16,902,000USD-10,589,000USD
    Total Other Income Expense Net1,063,000USD1,197,000USD1,426,000USD1,539,000USD1,689,000USD1,994,000USD2,283,000USD2,471,000USD
    Ebit———-11,925,000USD-19,865,000USD-18,195,000USD-16,902,000USD-21,178,000USD
    Income Tax Expense———————-10,589,000USD
    Depreciation And Amortization———————10,589,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Revenue0USD0USD2,000,000USD0USD0USD0USD0USD
    Research Development39,054,000USD38,444,000USD19,777,000USD24,919,000USD19,340,000USD8,182,000USD8,391,000USD
    Selling General Administrative17,835,000USD16,010,000USD12,963,000USD6,136,000USD4,379,000USD3,218,000USD5,861,000USD
    Total Operating Expenses56,889,000USD54,454,000USD32,740,000USD31,055,000USD23,719,000USD11,400,000USD14,071,000USD
    Operating Income-56,889,000USD-54,454,000USD-30,740,000USD-31,055,000USD-23,719,000USD-11,400,000USD-14,159,000USD
    Interest Income5,851,000USD8,887,000USD1,739,000USD553,000USD26,000USD30,000USD128,000USD
    Net Interest Income5,851,000USD8,887,000USD1,739,000USD553,000USD26,000USD30,000USD64,000USD
    Income Before Tax-51,038,000USD-45,567,000USD-27,876,000USD-30,499,000USD-24,442,000USD-11,370,000USD-14,261,000USD
    Net Income-51,038,000USD-45,567,000USD-27,876,000USD-30,499,000USD-24,442,000USD-11,370,000USD-14,261,000USD
    Net Income From Continuing Ops-51,038,000USD-45,567,000USD-26,920,000USD-30,499,000USD-24,442,000USD-11,370,000USD-14,261,000USD
    Ebitda-56,889,000USD-45,567,000USD-30,740,000USD-31,055,000USD-23,719,000USD-11,399,000USD-14,109,000USD
    Total Other Income Expense Net5,851,000USD8,887,000USD2,864,000USD3,000USD-749,000USD30,000USD-102,000USD
    Ebit—-54,454,000USD-61,484,000USD-31,055,000USD-23,719,000USD-11,400,000USD-14,197,000USD
    Gross Profit——2,000,000USD-130,000USD-134,000USD-124,000USD-88,000USD
    Income Tax Expense——-2,860,000USD-31,608,000USD-23,745,000USD-176,297USD-9,000USD
    Depreciation And Amortization——30,740,000USD31,055,000USD23,719,000USD1,000USD88,000USD
    Cost Of Revenue———130,000USD134,000USD124,000USD88,000USD
    Interest Expense—————0USD64,000USD
    Reconciled Depreciation—————0USD1,000USD
    Net Income Applicable To Common Shares—————-11,370,000USD-14,261,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets107,755,000USD116,482,000USD128,401,000USD137,407,000USD146,172,000USD160,259,000USD174,775,000USD189,020,000USD
    Other Current Assets3,177,000USD3,280,000USD2,540,000USD1,789,000USD1,503,000USD1,524,000USD4,704,000USD378,000USD
    Total Liab5,297,000USD5,101,000USD9,146,000USD7,247,000USD7,180,000USD4,454,000USD4,092,000USD5,728,000USD
    Total Stockholder Equity102,458,000USD111,381,000USD119,255,000USD130,160,000USD138,992,000USD155,805,000USD170,683,000USD183,292,000USD
    Other Current Liab2,955,000USD3,714,000USD4,788,000USD5,174,000USD3,918,000USD2,951,000USD2,824,000USD3,581,000USD
    Common Stock3,000USD3,000USD3,000USD3,000USD3,000USD3,000USD3,000USD3,000USD
    Capital Stock3,000USD3,000USD3,000USD3,000USD3,000USD3,000USD3,000USD3,000USD
    Retained Earnings-356,999,000USD-346,349,000USD-336,781,000USD-323,873,000USD-313,487,000USD-295,311,000USD-279,110,000USD-264,491,000USD
    Cash36,626,000USD35,021,000USD32,496,000USD42,327,000USD64,717,000USD75,840,000USD77,014,000USD95,959,000USD
    Cash And Short Term Investments104,539,000USD113,124,000USD116,693,000USD125,407,000USD144,569,000USD151,250,000USD152,486,000USD166,373,000USD
    Total Current Assets107,716,000USD116,404,000USD119,233,000USD127,196,000USD146,072,000USD152,774,000USD157,190,000USD166,751,000USD
    Total Current Liabilities5,297,000USD5,101,000USD9,146,000USD7,247,000USD7,180,000USD4,454,000USD4,092,000USD5,728,000USD
    Net Debt-36,587,000USD-34,943,000USD-32,381,000USD-42,175,000USD-64,678,000USD-75,762,000USD-76,898,000USD-95,806,000USD
    Short Term Debt39,000USD78,000USD115,000USD152,000USD39,000USD78,000USD116,000USD153,000USD
    Short Long Term Debt Total39,000USD78,000USD115,000USD152,000USD39,000USD78,000USD116,000USD153,000USD
    Short Term Investments67,913,000USD78,103,000USD84,197,000USD83,080,000USD79,852,000USD75,410,000USD75,472,000USD70,414,000USD
    Accounts Payable2,303,000USD1,309,000USD4,243,000USD1,921,000USD3,223,000USD1,425,000USD1,152,000USD1,994,000USD
    Property Plant Equipment Net39,000USD78,000USD115,000USD152,000USD38,000USD77,000USD114,000USD151,000USD
    Property Plant Equipment Gross39,000USD78,000USD115,000USD152,000USD38,000USD77,000USD114,000USD151,000USD
    Accumulated Other Comprehensive Income8,000USD120,000USD117,000USD76,000USD121,000USD230,000USD441,000USD-23,000USD
    Common Stock Shares Outstanding32,559,704shares32,345,525shares32,464,893shares32,195,366shares32,195,345shares32,195,345shares32,143,336shares31,913,887shares
    Non Current Assets Total39,000USD78,000USD9,168,000USD10,211,000USD100,000USD7,485,000USD17,585,000USD22,269,000USD
    Non Current Liabilities Total0USD0USD0USD0USD0USD0USD0USD3,581,000USD
    Net Working Capital102,419,000USD111,303,000USD110,334,000USD119,949,000USD138,892,000USD148,320,000USD153,098,000USD161,023,000USD
    Unclassified Equity459,443,000USD457,604,000USD455,913,000USD453,951,000USD452,352,000USD450,880,000USD449,346,000USD447,800,000USD
    Long Term Investments—0USD8,806,000USD10,059,000USD0USD7,408,000USD17,471,000USD22,118,000USD
    Non Currrent Assets Other——247,000USD—62,000USD306,000USD——
    Other Assets—————-306,000USD——
    Current Deferred Revenue———————-153,000USD
    Unclassified Non Current Liabilities———————3,581,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Assets116,482,000USD160,259,000USD96,719,000USD33,031,000USD59,032,000USD68,959,000USD11,160,000USD
    Other Current Assets3,280,000USD1,524,000USD1,749,000USD447,000USD1,932,000USD36,000USD603,000USD
    Total Liab5,101,000USD4,454,000USD5,654,000USD219,981,000USD217,291,000USD204,869,000USD136,475,000USD
    Total Stockholder Equity111,381,000USD155,805,000USD91,065,000USD-186,950,000USD-158,259,000USD-135,910,000USD-125,315,000USD
    Other Current Liab3,714,000USD2,951,000USD5,403,000USD4,021,000USD1,555,000USD1,252,000USD747,000USD
    Common Stock3,000USD3,000USD2,000USD1,000USD1,000USD1,000USD1,000USD
    Capital Stock3,000USD3,000USD2,000USD1,000USD1,000USD1,000USD1,000USD
    Retained Earnings-346,349,000USD-295,311,000USD-249,744,000USD-221,868,000USD-191,369,000USD-166,927,000USD-155,557,000USD
    Cash35,021,000USD75,840,000USD75,139,000USD158,000USD56,731,000USD68,702,000USD10,212,000USD
    Cash And Short Term Investments113,124,000USD151,250,000USD94,897,000USD32,345,000USD56,731,000USD68,702,000USD10,212,000USD
    Total Current Assets116,404,000USD152,774,000USD96,646,000USD32,792,000USD58,663,000USD68,738,000USD10,815,000USD
    Total Current Liabilities5,101,000USD4,454,000USD5,654,000USD5,279,000USD2,440,000USD1,910,000USD2,076,000USD
    Net Debt-34,943,000USD-75,762,000USD-75,074,000USD53,000USD-56,383,000USD-68,492,000USD-9,871,000USD
    Short Term Debt78,000USD78,000USD65,000USD133,000USD124,000USD145,000USD130,000USD
    Short Long Term Debt Total78,000USD78,000USD65,000USD211,000USD348,000USD210,000USD341,000USD
    Long Term Investments0USD7,408,000USD0USD————
    Short Term Investments78,103,000USD75,410,000USD19,758,000USD32,187,000USD0USD——
    Accounts Payable1,309,000USD1,425,000USD186,000USD1,125,000USD761,000USD513,000USD1,199,000USD
    Property Plant Equipment Net78,000USD77,000USD73,000USD212,000USD342,000USD194,000USD318,000USD
    Property Plant Equipment Gross78,000USD77,000USD73,000USD212,000USD342,000USD194,000USD318,000USD
    Accumulated Other Comprehensive Income120,000USD230,000USD30,000USD-84,000USD-214,627,000USD-202,894,000USD0USD
    Common Stock Shares Outstanding32,345,525shares31,350,725shares18,194,682shares22,174,066shares22,174,066shares22,174,066shares22,174,066shares
    Non Current Assets Total78,000USD7,485,000USD73,000USD239,000USD369,000USD221,000USD345,000USD
    Non Current Liabilities Total0USD0USD0USD214,702,000USD214,851,000USD202,959,000USD134,399,000USD
    Net Working Capital111,303,000USD148,320,000USD90,992,000USD27,513,000USD56,223,000USD66,828,000USD8,739,000USD
    Unclassified Equity457,604,000USD450,880,000USD340,775,000USD35,000,000USD247,735,000USD233,909,000USD30,240,000USD
    Non Currrent Assets Other—7,408,000USD—27,000USD27,000USD27,000USD27,000USD
    Unclassified Non Current Assets—-7,408,000USD—————
    Current Deferred Revenue——5,170,000USD3,964,000USD1,370,000USD1,009,000USD—
    Unclassified Current Liabilities——-5,170,000USD-3,964,000USD-1,370,000USD-1,009,000USD—
    Unclassified Non Current Liabilities———214,702,000USD214,851,000USD202,959,000USD134,399,000USD
    Other Assets—————27,000USD27,000USD
    Net Tangible Assets—————-135,910,000USD-125,315,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-10,650,000USD-9,568,000USD-12,908,000USD-10,386,000USD-18,176,000USD-16,201,000USD-14,619,000USD-8,118,000USD
    Stock Based Compensation1,839,000USD1,691,000USD1,688,000USD1,598,000USD1,472,000USD1,534,000USD1,546,000USD1,449,000USD
    Other Non Cash Items1,738,000USD337,000USD339,000USD-188,000USD2,894,000USD-19,000USD-6,291,000USD-442,000USD
    Change In Working Capital301,000USD-4,293,000USD701,000USD-125,000USD-726,000USD3,662,000USD-205,000USD1,477,000USD
    Total Cash From Operating Activities-8,611,000USD-11,833,000USD-10,180,000USD-9,101,000USD-14,536,000USD-11,024,000USD-19,569,000USD-5,634,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow-8,611,000USD-11,833,000USD-10,180,000USD-9,101,000USD-14,536,000USD-11,024,000USD-19,569,000USD-5,634,000USD
    Investments10,216,000USD14,358,000USD75,000USD-13,290,000USD3,413,000USD9,850,000USD624,000USD-75,157,000USD
    Total Cashflows From Investing Activities10,216,000USD14,358,000USD75,000USD-13,290,000USD3,413,000USD9,850,000USD624,000USD-75,157,000USD
    Change In Cash1,605,000USD2,525,000USD-9,831,000USD-22,390,000USD-11,123,000USD-1,174,000USD-18,945,000USD-80,818,000USD
    Begin Period Cash Flow35,021,000USD32,496,000USD42,327,000USD64,717,000USD75,840,000USD77,014,000USD95,959,000USD176,777,000USD
    End Period Cash Flow36,626,000USD35,021,000USD32,496,000USD42,327,000USD64,717,000USD75,840,000USD77,014,000USD95,959,000USD
    Unclassified Operating Cash Flow-1,839,000USD———————
    Total Cash From Financing Activities—0USD274,000USD1,000USD0USD0USD0USD-27,000USD
    Issuance Of Capital Stock—0USD0USD0USD0USD0USD0USD0USD
    Other Cashflows From Financing Activities—275,000USD———105,750,000USD624,000USD-27,000USD
    Unclassified Financing Cash Flow—————-105,750,000USD——
    Other Cashflows From Investing Activities——————82,952,000USD-75,157,000USD
    Unclassified Investing Cash Flow——————-82,952,000USD75,157,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Net Income-51,038,000USD-45,567,000USD-27,876,000USD-30,499,000USD-24,442,000USD-11,370,000USD-14,261,000USD
    Stock Based Compensation6,449,000USD5,288,000USD4,990,000USD1,880,000USD1,904,000USD775,000USD2,988,000USD
    Other Non Cash Items-8,000USD-1,108,000USD98,000USD-215,000USD883,000USD104,000USD75,000USD
    Change In Working Capital-1,053,000USD-1,048,000USD-978,000USD4,214,000USD-55,000USD75,000USD645,000USD
    Total Cash From Operating Activities-45,650,000USD-42,435,000USD-23,766,000USD-24,490,000USD-21,710,000USD-10,416,000USD-10,552,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow-45,650,000USD-42,435,000USD-23,766,000USD-24,490,000USD-21,710,000USD-10,416,000USD-10,552,000USD
    Investments4,556,000USD-61,683,000USD37,636,000USD-32,010,000USD0USD20,000USD-27,000USD
    Total Cashflows From Investing Activities4,556,000USD-61,683,000USD12,580,000USD-32,010,000USD—20,000USD-27,000USD
    Total Cash From Financing Activities275,000USD104,819,000USD86,167,000USD-73,000USD9,739,000USD68,886,000USD18,485,000USD
    Issuance Of Capital Stock0USD105,750,000USD86,161,000USD0USD10,804,000USD68,886,000USD21,849,000USD
    Change In Cash-40,819,000USD701,000USD74,981,000USD-56,573,000USD-11,971,000USD58,490,000USD7,906,000USD
    Begin Period Cash Flow75,840,000USD75,139,000USD158,000USD56,731,000USD68,702,000USD10,212,000USD2,306,000USD
    End Period Cash Flow35,021,000USD75,840,000USD75,139,000USD158,000USD56,731,000USD68,702,000USD10,212,000USD
    Other Cashflows From Financing Activities275,000USD-931,000USD-3,512,000USD-85,000USD9,739,000USD68,886,000USD21,849,000USD
    Unclassified Investing Cash Flow——-25,056,000USD32,010,000USD———
    Unclassified Financing Cash Flow——3,518,000USD—-10,804,000USD-68,886,000USD-21,849,000USD
    Depreciation———130,000USD134,000USD124,000USD1,000USD
    Other Cashflows From Investing Activities———-32,010,000USD—20,000USD-27,000USD
    Change To Liabilities—————-361,000USD1,278,000USD
    Net Borrowings——————-3,364,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.